Financial planning for a business expansion for Phresh Pharm Products

摘要

The trend to grow larger and expand a business has been around since businesses were created. Now Phresh Pharm Products is looking to expand from one location to a second. But it is not that easy; there is a large amount of information that is needed to support an expansion. The information that is required from Farmers and Merchants Bank for an expansion includes: cash flow, business plans, background information on the owner(s) of the business, whether the company is going to rent or purchase a building, and credit score of the business and individuals who own the business. All of this information is needed by a lender in order for a business to borrow funds to expand the company.